investor observer weaken the NFT short term technical A score of 11 from that analysis. Our proprietary scoring system considers the token’s trading history over the past month to determine short-term technical strength. Based on these metrics, NFT currently trades over 11% of its tokens. Investors who have focused on recent healthy trading patterns should find short-term technical ranking systems to be more relevant when making investment decisions.
NFT is trading above its 30-day low of 0.000000540 by $0.000000 (3.03%) and below its 30-day high of 0.00000065 at $0.000000 (-14.85%). Moreover, NFT’s current price of $0.000000557 is below the 30-day moving average price of $0.000000587, making the short-term technical score weaker. Overall, NFT’s recent trading history suggests that investors are bearish on the token at this point. NFT’s token market cap is relatively low, with a total market value of $20.53. The relatively low market value of NFTs is below $100 million, while the market capitalization of the top 100 cryptocurrencies exceeds $1 billion and the top 500 cryptocurrencies exceed $100 million. It’s for On the other hand, NFTs have a low average volume, with $5,158,066.58 worth of tokens traded in a typical 24 hour period. NFT volumes are relatively low as the 100 most traded cryptos typically exchange $100 million daily and smaller cryptos tend to trade for less than $5 million in 24 hours . Over the last 24 hours, NFT volume has been below average with $729,449.55 traded. NFT Subclasses Art, Collectibles, and Non-Fungible Tokens: A Non-fungible Token (NFT) is a unit of data stored on a digital ledger that uses blockchain technology to authenticate and verify ownership. They often take the form of photographs, videos, audio, and other representations of real-world items. This category also includes other tokens used to buy, sell, or collect art and certain other digital goods.
NFT’s recent trading over the past month has shown weaker short-term technical scores as recent price movements give traders reasons to be more bearish on the token in the short-term.